Interest rates were kept at 0.5 per cent today making it the longest period of unchanged rates since just after the Second World War. The Bank of England’s Monetary Policy Committee (MPC) held rates and did not increase its programme of quanitative easing (QE). Rates have been at an all-time low for almost 46 months […]

Canadian Mark Carney, who will take over at the Bank of England next year, has hinted he will be more aggressive in trying to boost the British economy. Mr Carney has suggested he thinks encouraging growth is more important than keeping a lid on inflation. In a speech to financial analysts in Toronto on Tuesday, […]

The tribulations of the English football team mean there is not a suitable direct comparison to be made if Carney does prove to be an astute appointment. Osborne will instead by hoping he has secured the services of a Jose Mourinho or a Pep Guardiola

With the average Brit borrowing more and saving less, the fact that banks are hiking up their interest rates and the government are encouraging them to borrow more is not a good sign for future economic certainty.

George Osborne has pledged to give the task of returning the UK economy to growth '110 per cent attention' and insisted wounds inflicted during the global financial crisis were 'healing' after the Bank of England slashed its growth forecast to almost zero.